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Reopened Small-Cap Funds
Go on Prowl for New Money

That's the call from an increasing number of money managers who closed their small-cap mutual funds to new investors as the portfolios became too puffed up and now find themselves asset-challenged.

About 30 funds that invest in small stocks have reopened this year after the closed-door strategy backfired. Investors who couldn't pour enough money into small-cap stocks because they were nearly the only...